Friends Of Armenia
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 225,589 | 241,656 | −16,067 | 1.6 | 0% |
| 2021 | 146,999 | 55,558 | 91,441 | 26.8 | 0% |
| 2022 | 70,421 | 101,756 | −31,335 | 10.9 | 0% |
| 2023 | 95,046 | 55,193 | 39,853 | 28.8 | 0% |
In its most recent public year (2023), this organization brought in $39,853 more than it spent. Its reserves stood at about 28.8 months of spending, up from 1.6 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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